The Brics started life as a marketing gimmick dreamt up by Goldman Sachs to promote emerging markets, but the notion has taken on a life of its own and this group of nations - Brazil, Russia, India, China and South Africa - are now a formal organisation who have just met for their fifth summit. In this week's podcast, Gideon Rachman is joined by Stefan Wagstyl, editor of beyondbrics, and Andrew England, South Africa correspondent, reporting from Durban, where the group has agreed to set up a Brics-led development bank. But do the Brics matter, what unites and divides these nations, and are we likely to still be discussing this group in ten years' time?

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Each week World Weekly focuses on some of the major international political stories that are making the headlines - drawing upon the FT's team of foreign correspondents and international analysts to make sense of world events